SPGL Acquisition registered with the SEC to offer 25 million units at $10 each. A unit consists of one Class A ordinary share and one-fifth of one redeemable warrant, with whole warrants exercisable at $11.50.
The new SPAC said it will focus on the $1 trillion global semiconductor, components and electronic systems market.
SPGL is led by CEO and Director Jihye Whang Rosenband, who has over 20 years of semiconductor industry experience in various M&A, corporate strategy and engineering roles, according to the filing.
The SPAC has applied to list on the Nasdaq under SPGLU. Read more.
